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The Outlook for Pharmaceuticals in the Middle East and North Africa
Date:11/15/2011

otechnology is still in its infancy.

HIGHLIGHTS FROM THE REGION

EGYPT

Egypt is expected to be the second leading pharmaceutical market in the MEA region in 2016. Providing the political situation stabilises and the economy continues to perform well, the Egyptian pharmaceutical market at retail prices is expected to rise by a high CAGR in US dollar terms between 2011 and 2016. Espicom estimates that the market increased by nearly five times between 1995 and 2010. Nevertheless, per capita consumption is still low. In spite of recent production problems, production is expected to rise as the healthcare system continues its transition towards modernisation. Considering opportunities beyond BRIC pharmaceutical markets, Egypt is becoming a very attractive market for multinational pharmaceutical companies focused on emerging markets.

JORDAN

Jordan has a relatively strong level of domestic production; however, the majority is exported, resulting in a market still dependent on imports. Most imported pharmaceuticals are retail medicaments from countries located in Western Europe, such as Switzerland and Germany, while exports are primarily semi-finished and retail medicaments destined for other countries in the MENA region. The largest pharmaceutical company in Jordan is Hikma Pharmaceuticals, with a market share of over 10%. The company has a number of manufacturing facilities in Jordan, as well as R&D facilities. In October 2010, Hikma announced it was to acquire an injectables business from a US company, which will significantly enhance the scope of the company's injectables business worldwide. Previously, Hikma acquired an Algerian company in April 2010 and a Tunisian company in March 2010, strengthening its presence in the MENA region.

MOROCCO

Although the Moroccan pharmaceutical market is small in global terms, per capita spending on pharmaceutical products is comparatively high for an African country. The phar
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